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Tag Archive for: bridge loans

2-Step Loan Program: Quick to Buy, Quick to Refi

August 14, 2020/in Resources

2-Step Loan Program: Quick to Buy, Quick to Refi

One of the key factors to making more on your investments is working with a lender who can handle your short-term AND long-term loans. Or rather, help you quickly buy and quickly refinance a property.

Why find a 2-Step loan program?

Well, most investors don’t have the luxury of closing a deal in 30 plus days. They need to close as fast as possible, especially if they’re buying from a wholesaler with a strict deadline.

However, many investors are nervous about using non-traditional funding (like hard money) to close a deal upfront. What if they get stuck in an expensive loan for months and months? What if they can’t get approved for a long-term loan and get stuck with that expensive loan?

That’s why it’s so important to work with a lender who can handle both sides of the coin. And not just any lender, but a lender who has experience with short-term and long-term loans.

Benefits of working with experienced lenders:

Benefits of working with experienced lenders

When you work with an experienced lender who offers a 2-Step Loan Program, you’ll:

  • Be able to quickly buy and quickly refinance a property.
  • Maximize your return on credit.
  • Maximize your refinance.
  • Enjoy less confusion and stress.

Think of a 2-Step Loan Program like a one-stop-shop for all of your real estate loans.

Less work, less hassle, more money.

Ready to learn more? Check out our YouTube Channel, download our investor tools, or Contact us today to get the ball rolling.

https://hardmoneymike.com/wp-content/uploads/2019/10/adult-business-deal-collaboration-1376864.jpg 1440 2160 Jenna Weldon https://hardmoneymike.com/wp-content/uploads/2019/06/hard-money-mike-logo.png Jenna Weldon2020-08-14 09:30:012022-01-13 03:01:572-Step Loan Program: Quick to Buy, Quick to Refi

BRRRR Is Out, BARRRR Is In

August 4, 2020/in Resources

Check out this article from Bigger Pockets! There’s a brand new, enhanced way to look at the BRRRR strategy that could save you a lot of money.

It’s called BARRR: Buy, ADVERTISE, rehab, rent, refinance, repeat.

BRRRR Is Out, BARRRR Is In

“Consider it a much-needed addition that has the potential to save you tax dollars, perhaps allowing you to take your spouse out to that super high-end restaurant downtown…”

Read all about the BARRRR strategy here!

 

https://hardmoneymike.com/wp-content/uploads/2019/10/abandoned-abandoned-building-black-and-white-2116491-scaled.jpg 2560 1920 Jenna Weldon https://hardmoneymike.com/wp-content/uploads/2019/06/hard-money-mike-logo.png Jenna Weldon2020-08-04 01:00:192022-01-13 02:58:50BRRRR Is Out, BARRRR Is In

Start Now

December 16, 2019/in Motivation

https://hardmoneymike.com/wp-content/uploads/2019/10/close-up-dry-leaves-environment-2045600.jpg 1440 2160 Jenna Weldon https://hardmoneymike.com/wp-content/uploads/2019/06/hard-money-mike-logo.png Jenna Weldon2019-12-16 09:00:232020-08-04 10:59:33Start Now

Motivational Monday – Numbers Game

December 9, 2019/in Motivation

https://hardmoneymike.com/wp-content/uploads/2019/10/numbers_education_kindergarten_738068.jpg 512 910 Jenna Weldon https://hardmoneymike.com/wp-content/uploads/2019/06/hard-money-mike-logo.png Jenna Weldon2019-12-09 09:00:212019-10-22 10:26:45Motivational Monday – Numbers Game

Motivational Monday – Knowledge

December 2, 2019/in Motivation

https://hardmoneymike.com/wp-content/uploads/2019/10/analysis-blackboard-bubble-355952.jpg 1501 2160 Jenna Weldon https://hardmoneymike.com/wp-content/uploads/2019/06/hard-money-mike-logo.png Jenna Weldon2019-12-02 09:00:342019-10-22 10:24:05Motivational Monday – Knowledge

5 Things Fix-and-Flip Shows Don’t Tell You

November 27, 2019/in Resources

5 Things Fix-and-Flip Shows Don’t Tell You

Fix and flip shows present a skewed reality. There is a defined formula that’s followed throughout each episode. Every moment of the show presents the best experience of working on a fix and flip without including much of the hard work that happens behind the scenes.

Read the whole article here.

Do you want help with your fix and flips? Then check out our investor tools!

https://hardmoneymike.com/wp-content/uploads/2019/10/apply-blue-brush-221027.jpg 1435 2160 Jenna Weldon https://hardmoneymike.com/wp-content/uploads/2019/06/hard-money-mike-logo.png Jenna Weldon2019-11-27 09:00:142022-01-19 10:30:575 Things Fix-and-Flip Shows Don’t Tell You

Motivational Monday – Best Investments

November 25, 2019/in Motivation

https://hardmoneymike.com/wp-content/uploads/2019/10/casual-college-connection-1438081.jpg 1442 2160 Jenna Weldon https://hardmoneymike.com/wp-content/uploads/2019/06/hard-money-mike-logo.png Jenna Weldon2019-11-25 09:00:032019-10-22 10:21:18Motivational Monday – Best Investments

Friday Fun – One Job

November 22, 2019/in Friday Fun

https://hardmoneymike.com/wp-content/uploads/2019/10/ancient-architecture-art-931317.jpg 1620 2160 Jenna Weldon https://hardmoneymike.com/wp-content/uploads/2019/06/hard-money-mike-logo.png Jenna Weldon2019-11-22 09:00:072019-11-26 08:57:40Friday Fun – One Job

Motivational Monday – Persevere

November 18, 2019/in Motivation

https://hardmoneymike.com/wp-content/uploads/2019/10/background-close-up-computer-2740956.jpg 1440 2160 Jenna Weldon https://hardmoneymike.com/wp-content/uploads/2019/06/hard-money-mike-logo.png Jenna Weldon2019-11-18 09:00:552019-10-22 10:18:23Motivational Monday – Persevere

Intro to BRRRR

November 13, 2019/in Resources

Are you looking for a simple, easy-to-use strategy to use on your rental investments? Then we recommend Bigger Pockets’ BRRRR strategy (also known as BARRRR).

Intro to BRRRR

BRRRR/BARRRR stands for:

Buy

Advertise

Rehab

Rent

Refinance

Repeat

For a full introduction to this real estate investment method, check out this video from Bigger Pockets.

https://hardmoneymike.com/wp-content/uploads/2019/10/daylight-design-floor-2829007-scaled.jpg 2560 1707 Jenna Weldon https://hardmoneymike.com/wp-content/uploads/2019/06/hard-money-mike-logo.png Jenna Weldon2019-11-13 09:00:392022-01-19 11:47:12Intro to BRRRR
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